Author : Jagdish Chaturvedi
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781519467188
Total Pages : 154 pages
Book Rating : 4.4/5 (671 download)
Book Synopsis Inventing Medical Devices by : Jagdish Chaturvedi
Download or read book Inventing Medical Devices written by Jagdish Chaturvedi and published by Createspace Independent Publishing Platform. This book was released on 2015-11-25 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: The MedTech ecosystem in India is emerging and the Indian medical devices industry is on the growth curve, estimated to be a 14 Billion USD industry by 2020. However, the ecosystem is poorly understood with its diverse healthcare systems, complex stakeholders and limited available data. It is important to understand the MedTech ecosystem in India well before developing new medical technologies that suit this environment. In this book, the author shares his experiences, anecdotes, insights and failures while inventing medical devices in India over the last five years. The idea is to give entrepreneurs (clinicians, engineers, designers, business professionals) a realistic expectation of the time, money, co-ordination and teamwork required to develop a new medical device in India. This book is specially recommended for Indian healthcare professionals who are passionate about solving unmet clinical challenges by inventing new medical devices, but are not sure of how to go about taking their idea from a concept stage to an actual product. Entrepreneurs from engineering, design and business backgrounds, will also find this book useful, as it illustrates ways to engage with doctors, and gives a comprehensive perspective of the path from ideation to commercialization. This book attempts to address all common queries a budding entrepreneur in India can have such as "Where to find clinical challenges worth solving?" "How to find them?" " How do I form a cross-disciplinary team?" "Where do I find these people?" "If I have a great idea, when and how can I sell it?" "How long does it take to make a new medical device in India?" " How can I raise money for this development?" "How can full time practicing doctors work with engineers to develop a new device?" "How can engineers engage doctors for clinical inputs and validation?" " How can an invention that is developed at an academic institute be successfully translated to market through a start up company?" "How and when can I start making money?." The list is endless and understandably so because the MedTech ecosystem in India is still evolving and growing from infancy to adulthood. This book also provides in great detail, real life examples of financial expenditures necessary for various stages of the device development process and some financial terms for licensing and investment deals.
